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tv   Mad Money  CNBC  May 13, 2022 6:00pm-7:00pm EDT

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intuit and ford. >> that does it for us we'll see you back here next friday at 5:30 eastern time. do not go anywhere "mad money with jim cramer" starts right now my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you so call me at 1-800-743-cnbc. or tweet me @jimcramer. we're in the eye of the storm. only when we got down almost 20% from our highs did we reel liza the storm wasn't that violent. we're dealing with a normal
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cyclical downturn and not serious systemic devastation and that's how the dow rallied the nasdaq came all the way back going up 3.82% still a tough week but a nice finish i think we've simply been overrun by bad events which make habitual dip buyers too terrified to take action the parade of horribles is committed to memory by now ukraine, inflation, china lockdown when you add a fourth, the bitcoin crash it all becomes too much and the market falls apart and people are worried about the center not holding a funny thing happens when stocks go down, though, the risk goes down too. which is one reason the market so often finds a floor down 0% from its highs which it did again. when we've been beaten down to these levels we reach a point where stocks that would normally be clubbed have already taken enough hits and that alone allowed them to have at least a short covering roebound which i
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what today might have been on monday we have a lot of classic cases this week of exactly what happened today. on monday take two reports and this video game company is down more than 100 points from its all-time high but anything actually changed here? yes, the games have gotten better and even though the world's gone back to normal people are still playing them. admittedly the stock at $00 would be a disaster waiting to happen but 110 huh-uh i'm telling you it's okay. next you tell me what the weather will be and i will tell you how much i want to own shares on home depot this is a gait retailer. caters to every homeowner's needs but most importantly caters to the spring and summer season for everything from grills, which have not been that -- doing that well to tomato flats good weather this weekend and i bet the stock will erupt now, i'm not as certain about walmart. that's a fame owned by my charitable trust simply because it's been bouncing around way
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too much but the stock is at the low end of its recent range and traded at 159 not that long ago. might be good for a trade. we are always, always, always wanting to test the market's appetite for companies that recently came public next week three, weber grills, that will be on sale, maybe have a big weekend at home deme, warby parker which lost people a lot of money and then another one that lost people money, doximity it's one reason why i've been so concerned. too much money being lost. let's find out how forgiving this market is willing to be when it comes to recently -- relative recent ipos and i'm betting maybe by the time we get to here, they'll be unforgiving again. james bullard from the fed speaks out tuesday he is a hawk's hawk and my kind of hawk. he knows it's going only going to get harder if the fed doesn't
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act decisively retail sales come on tuesday morning. i expect them to be strong too because of the consumer is so strong too strong as far as the fed is concerned and i'm still upset that jay powell who you know is a great fed chief took that 75 basis points off the table wednesday is the day of fireworks as target has to do better this is unfortunate the way the calendar works, target has to do better than walmart and lowe's has to do better than home depot. that's the comparisons if they don't the stocks get hit. now, at least that's the conventional wisdom. you know what, this time around i disagree, how bad the market has been, it's so beat up all them might work here i see these retail stocks as barometers to consumers. all companies that either help homeowners and people still buying homes for now even with the spike in mortgage rates which makes sense given the fact that even though there's going to be a slowdown, it's just a better deal than renting because the rents have gone up too much. good or bad we'll figure out
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which aisles have goods that are selling well, tools, paints then can come back with a battle plan next up people have turned against tjx, the parent of t.j. maxx and marshall's and think it has a merchandise problem. these guys buy excess inventory at bargain basement prices what if nobody has it? what if there is no glut there was a problem like that but since christmas so much seasonal merchandise ended up coming in late this stuff has a home tjx. i'm predicting a good quarter although the stock often starts off soft when they report the news and the rallies come in later in the day so be prepared. the people who act fast are usually wrong. now, the silence out of cisco, the networking kingpin, i find has been deafening as a shareholder for my charitable trust which, of course, you can follow along by joining the investing club i am beginning to wonder if the hope for upside surprise from all those orders that were nodded
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happens or if they're related to europe, a big market for cisco in order for it to work the company has to speed up from hardware to software or the stock will get clobbered maybe 3 1/2 level. again, i'm not that bullish on it because i'm just not hearing the kind of pin action i like. thursday morning, we hear from an outfit, oh, boy, got to tell you, this is call's kohl's this is winding down, a challenge to the board but how about an actual offer from one of these private equity firms that keep saying they want to put money to work. i doubt kohl's has any desire to sell but at the right price anything is possible. this could be a dedown ten up situation. i like those odds. you know what could be the single best story of the week, palo alto networks thursday night is the best operator in the space and that business didn't going away even as the stock has come down.
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i bet we'll be surprised i like what cyberark had to say. obviously the guys are take nothing vacation one of the worst areas in the whole market has been the semiconductor capital equipment space which is so counterintuitive it is astounding and know from talking to the ceo of global foundries demand is soaring and he's sold out for two years. why shouldn't that be soaring too? one reason why land research, a big competitor trimmed estimates last time and that could happen to applied materials lamb's problem was a shortage of material not a hit to orders we keep hearing that as a theme for this quarter that could change the case just as i hike tjx i'm looking forward to ross stores on thursday night one that i haven't in a long time they're in a similar business. wall street is not giving enough plays credit because there hasn't been enough off play merchandise. with so many other stocks down i'll tell you i don't want to get there. you can go do it not me there is another one that's the
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same way people are drawn to foot locker. they think it's cheap, cheap, cheap. i'm not one of those i like quality growth. you like foot locker, just please go buy nike however, i do like deere which reports friday i like it because 13% of all the -- waging against ukraine, famine beginning to break out. the price of grains through the stratosphere and deere's year could be very good it reacts poorly to headlines and rebounds at the end of the call patience is a virtue here's the bottom line, many stocks have finally come down to the point where it's safe to be constructive as long as you say away from the most toxic areas so i'm breathing a sigh of relief blake in illinois. blake. >> caller: boo-yah, jim. >> boo-yah, blake. >> caller: happy friday from the windy city. >> hey, terrific how are you been >> caller: doing great just wanted to pick your brain i'm curious about dollar general. been a big fan of this stock
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since i visited a new store in ohio, visiting some family surprised to see brand name item, fresh produce, huge shift from how i remember the stores in the '90s as a kid fundamentals as i can tell q4 resulted in a good bump but downhill ever since. >> you are so right. our viewers are so smart there's been a share gain. they are doing much better dollar general by the way i like a lot more unfortunately i like dollar tree. my dollar general did not that great but i think you're right and trade down business which hasn't happened yet but a lot anticipate that will be good bob in new york. bob. >> caller: hey, jim, just wanted to say thank you to your staff and nicole is so darned polite they are so great and i wanted you to know it. >> people don't get enough credit for making me look good how can i help >> caller: jim, a couple of weeks ago you mentioned that you added to your microsoft position
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for the trust. and some things are confusing about what you're saying and then a couple of weeks later, a week and a half later you said it was too expensive so we were a bit confused by that and then on the morning show when you mentioned apple, you kind of equivocated on it by saying at the very last moment you'll be okay with apple. it didn't sound like there was any conviction with either microsoft or apple am i misunderstanding that >> no, no, i mean, what i was trying to do is trying to sell stocks and then buy them back after they come back to different levels so what i was really focused on was the actual level. i wanted app toll go down 20% before i felt it made the right price. i wanted microsoft to fall 50 points so what i was really doing was relative work about how far it had come down not itself making a judgment about the stocks i promise you i will be clearer in these alerts i send out for
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the investing club because of what you said. i did not get that right i apologize. i was not clear in my thinking it was a tough week. i won't let it happen again or i certainly won't try. let's go to rachel in florida, please rachel >> caller: hi, jim thanks so much i'm a longtime listener but first time caller and 31-year-old member of your investment club. >> thank you >> caller: i had so many stocks i wanted to ask about today but i only could choose one. i'm up about 5%, 6%. is lululemon a hold, buy or sell. >> okay, i think lulu had a remarkable investing day really one of the better you can go through the whole deck i think that this decline represents an opportunity for lulu i know there's more risk to owning lulu than a lot of other stongs because it sells at a high price to its multiple but executing at a level that no other apparel company is executing and they have an ethos and culture that makes it so i think it's worth a premium multiple and, by the way, rachel, and, of course, bob, thank you so much for joining
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the investing club the other day i talked over someone who was gracious about it that was a mistake we're working hard on the club each week. i did a special video just tonight. i'm not going to rest until everyone is a member because i have done this for 16 years and i think i know what the heck i'm doing. but, of course, i didn't do it all here but now i do it many stocks have finally come down to the point where i'm -- i think it's safe to be constructive i'm breathing a sigh of relief heading into the weekend because i don't think stable coin will bring us down anymore. hostess looks sweet on the wall street fashion show. didn't it? time to take a bite of the company? buy the infamous twinkies which i thought would close at one time i'm checking in with the motivated ceo. from sweet to salty taking a look at u.s. post earnings move higher. and zebra technologies, stock has been cut in half so good they're buying back stock aggressively i'm learning more about how the
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sector is faring with the company's ceo. so stay with kramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email to or give us a call at 1-800-743-cnbc miss something, head to
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the packaged food company you know from twinkies, ding dongs, ho hos and hostess cupcakes. this stock is up roughly 15% could -- we know they're doing well full year sales growth management left earnings forecast unchanged, it's okay and caused an initial hit but people didn't realize that is happening all over the place investors circled around the wagons around it because it's recession proof. next thing it came roaring back. i bet there's more room to run let's check in with andy callahan, the president and ceo of hostess brands to get a better read on the quarter and inflation. mr. callahan, welcome back to "mad money." >> always good to be here. >> andy, look, i'm from a tastycake family in philadelphia 2% growth would be a very big deal how are you putting up these
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numbers? 25% year over year growth. what is happening? this brand is old. a lot of people thought it was tired. it had been footballed you've reignited it. what the heck have you done here >> jim, we're growing. we are growing, we're focused on growth and have a portfolio to grow we've transformed our portfolio into segments that are growing at a greater rate. we've invested in capabilities in innovation that drive that growth we're launching our first advertising campaign we've invested in product quality so our repeat rate of new users is twice that of the category in total. so consumers are reimagining hostess and the brand portfolio with innovation, talking to the consumers about it and they're coming back for more that will drive growth. >> i think it's important to note that to me the most compelling way to get people would be to try to go after people who are 13 and under. but that may not be the best
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thing to do and so you've decided you shouldn't do it. >> jim, that's in line with our philosophy we don't advertise to kids and signed a pledge with the children's food and beverage advertising initiative, it aligned with our principles. but we will talk to moms, 18 to 24-year-old consumers from a recent harris ad age poll ranks us as one of the fastest trending high appealing brands that's reimagining to a new consumer it's not going to impact our growth, consumers are going to try us, they're going to love us we're reintroducing to a new generation if mom wants to share we're available. mom can make that decision. >> then you decide to go into cookies with a brand that i always thought was a dead brand. obviously not. you reignited these cookies -- >> we bought them a little over two years ago.
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it is growing at a faster rate at 29% growth in q1. at margins that are above the hostess average. we bought it for -- synergy by the way that we integrated it and the team executed it perfectly. we're close to $20 million, close to 20% of sales and cut the skus in half but what's more exciting for all those successes and where we are the runway is long we're innovating behind that brand. we're investing in product quality like we were we have crispy minis coming out, sugar-free in a shareable package to get into a new occasion, there's a lot of great stuff going on with voortman's as well. >> people wanted to talk about the cost when i see this kind of growth i frankly know you can get both price and you have volume. i don't want to put it in the top of mind thing about why shouldn't i buy hostess. you're triumphing over price increases. you are not lagging.
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>> we're building a super -- a powerhouse of snacking so it starts with the consumer to be able to have strong demand the price -- the costs are high. we price as a last resort. we want to drive efficiency within our model manage mix, manage revenue growth management, produce at the most efficient rate and have a great track record of being able to do that. with prices up we expect low double digit pricing this year it's now in the high teens so we get to the point where we need to break even but with all of that, we're an affordable snack still. even with the pricing within the complex of consumers have for snacking, we're typically resilient to recessions and have low label private penetration, accessible across multiple channels, one of the strengths of our business and do it as a last resort. costs are high and hoping they get settled pretty soon. >> one last thing, innovation is extraordinary and you brought me some of these jumbo donette
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chocolate mochas tonight i might be out with the guys and be more of a vicious night than usual it is friday i found that this was the greatest thing i have had, it's coffee and doughnut. who came up with this? >> this is a great -- this is the innovation powerhouse we have we have a pipeline of innovation for years to go. the team with our marketing team come up with great ideas, great ideas can come from anywhere that is consumer grounded. we focus with the consumer we understand what they want and this is for our single serve male consumer. they responded tremendously. when we put out the initial press release, it had over a billion impressions. that's a lot so the energy behind it is really great and moving out into distribution now and initial sales are really encouraging. >> i want people to know before andy got involved a lot thought it would close
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why? because it was out of date and people didn't want it. if anything it's the most up to date and people crave it that's andy callahan, great quarter, ceo of hostess brands andy, thanks so much for coming on "mad money." >> thanks, jim we're just getting started i appreciate it. >> i believe you are i believe you are. "mad money" is back after the break. >> announcer: coming up, can this company put a little starch in your portfolio? don't be a couch potato. kramer crutches the numbers with an iconic brand next
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♪ ringcentral ♪ ♪ when the stock market was rolling over in anticipation of the fed mandated slowdown which is what we have going on, you normally circle the wagons around the recession proof stocks, the traditional safe havens right now we've got such rampant
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inflation, putting a ton of pressure on the old school safety stocks like the packaged food companies that's why you can't just buy any old food play. if wall street decides you don't have enough pricing power your stock, it will struggle. the thing that sometimes wall street just gets it wrong. consider the case of utz brands, u-t-z with some other stack brands i like, i hope you like them, tortillas, boulder canyon. this fell from $30 to $12 this wednesday largely because of pricing power worries. then yesterday morn utz reported a magnificent quarter, stunning 21% organic growth solid earnings, even better they raised full year sales forecast dramatically of course they're seeing higher costs too which is why they let the earnings outlook unchanged but sales numbers so good the it caused the stock to jump and another 6.7% today i think we're seeing a wholesale re-evaluation of the company in the wake of a great quarter that
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could have huge implications, let's dig deeper with the ceo of utz brands to find out more about the quarter and where his company is heading welcome back >> thanks for having me back. >> right to it on april 12th. credit suisse came out and said, you know what, you don't want to buy this stock why? because they do not have the ability to pass on the raw costs. now, it turned out that it was the opposite how is it possible that people could be so wrong about your brand and what it means to the consumer >> well, i think one thing i'll say if you look today we actually had a little bit of a rebuttal from credit suisse where they acknowledged the pricing power of our brands, jimmy, a year ago february, march of 2021, we had literally just gone public and just bought the on the border brand, november, december of 2020 leading into 2021 we were
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putting in a new erp system. that february and so there was a lot of stuff going on and what we really didn't have at the time that the erp and our team built since that time is the ability to really understand pricing, to really anticipate pricing, but more importantly to execute on that pricing. we have tens of thousands of customers and if you can imagine trying to roll out a pricing program to those customers using like an old technology, it's very hard to do. fast forward to where we are today, i think you saw in our remarks from my wonderful cfo, jay, 7% in january, 9% in february, 11% in march and that pricing power continues to build we've got fantastic brands, they've been around for a hundred years. you can see the sales results it's not just price it's volume and price and new distribution, it's core growth so all around very strengthening quarter for us from a brand in sales and
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pricing power perspective. >> i remember when you first came on you said you thought you had a big runway it now looks like the runway is the country. the whole country can use your products, correct? >> that's right. i mean what we really are trying to do, and i think we explained this when we first came on and maybe in between i've been on with you before, jimmy, you know, we really want to create something that has scale and relevance across the united states we're very unique in our ability. we have today almost 2100 dsd routes, it's about half of our business we really do have the ability to service the entire country we're partnering with large retailers, right in the southeast, ones that serve the entire country as someone who can deliver the goods that have great brands that can supply them, that can market them and make them really attractive to consumers and we're waiting on that regard i mean it's something we've been doing like i said for a hundred years so it's a developing
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ability that we have but it's been rooted in a century of successful know-how and experience doing it. >> there are some amazing consumer package goods companies out there. you and i both know. they always seem to know the right guy. they missed on the border. how did you spot on the border it's really an incredible brand. >> it's really been incredible honestly, we were pursuing that brand back in 2016/2017. you know, going public, right, being at the right place at the right time i think because we were a public company we had the ability to use some equity to buy that brand. but really at the end of the day we saw the value of that brand it was a hole in our portfolio we did not have a large tortilla brand. it was a great brand it had been around for 25 years, if you look at like the presentation that we put forth and some of the data the growth that we're bringing to that brand is really amazing and it's not just in our core, our
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backyard where we thought we thought we'd add a lot of value but in emerging expansion as well all three geographies are outpacing the category and it's a great brand and invested a lot of money in the supply chain to be able to get those products, those good, the on the border tortillas to the consumers and a lot of companies weren't doing that we had the ability to do that so i think we're reaping the rewards now. >> well done now as a philadelphian, one thing i'm confused about why you have i think the best pretzel yet you don't have the pretzel in a power brand foundation and yet what would happen if you put money behind it? you know they're fresh, they're great and they're different. >> yeah, no, so our pretzel brand is u.s it's well over $130 million of retail sales and it's growing and outpacing the category so we have a fantastic to your point, we have a fantastic brand within the utz brand of pretzels.
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that is growing across the country. that is a power brand and we are investing behind that so that one has been outpacing the category and doing really well a great brand. >> that's great. i'm glad to hear that. sometimes you grow up and have the old box, your mom has the old box from 50 years ago and know it's secret that iconic and you have iconic brands, you have new brands, i think you've got -- you know, you got the line up -- i know someone was telling me packaged goods, we coo wipe them out if we wanted to i guess that's not the case. >> i wouldn't say that you know, i mean i think retailers, especially over the last 12, 24 months, so much has happened since let's say march of 2020, supply, supply, supply, the ability to service, the demand is there. but what is happening in many cases across cpgit's the inability to supply it we've invested a lot in supply we have 100 years of know-how in
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creating building, getting the products to market so i think that's a big differentiator and the customer, right, the retailer, they need multiple suppliers to -- you can't put all your eggs in one basket so want multiple suppliers so we have the brands and the supply we've been doing it for quite a long time. people are used to it. they expect it and know they can trust us to deliver it so i think that's some of the difference that, you know, it's not that easy to wipe someone like us off the board. >> one last question, i'm always worried about ukraine. so much breadbasket, fine for u.s. don't have to be nervous about how much it's taking out of ukraine. >> yeah, i mean there's a little bit of concern there you know, there's a couple of commodities, there's some edible oil, sunflower oil, obviously wheat. each are components and that's a big area of the world that people source those to primary commodities from you know, we've done a lot of work and pretty secure all the
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way through 2022 who knows what the next couple of months will bear. but we've got a lot of confidence in our supply chain and more importantly, when we talk about pricing, we do -- we are concerned there may be some pressure but we think that we've got the technology, the people and the know-how now to ramp up pricing if we need to to respond to that inflation so we can continue to, you know, reinvest back into our supply chain to keep growing into the future >> the other thing you have is the cheese bowls, we have people over for the weekend everyone is always happy to see them they are so special. dylan, they're the best. utz brands, i always feel like it's hometown because i'm from philly but it's nationwide thanks for coming on the show, sir. good to see you. >> yeah, thanks for having me. appreciate it. >> "mad money" is back after the break. >> announcer: coming up, kramer's got you covered from a to zebra see if this stock earns its stripes. next
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♪ tell me about it the last six month, they've been tough but some things are more broken than others the ones with no earnings, you know i think they're untouchable. the ones that make real money do in fact get cheaper as they go lower. zebra technologies, the enterprise asset intelligence company that helps clients streamline their supply chains and jem become more efficient. this thing has been a fabulous long-term winner but over the last five months the stock plunged from 615 to $336 hey, some of that is justified zebra was expensive late last year and when they reported the quarter had hair on as we say.
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the company delivered a nice top and bottom line beat guidance was disappointed and management cut full year earnings forecast. they didn't see any demand erosion. just having supply chain troubles that forced them to pay for premium freight. the stock is selling for less than 18 times earnings now, i'm thinking it's starting to get enticing although you can definitely afford to take your time pulling the trigger because you might get an even better entry point so let's take a closer look with anders gustafsson, the ceo of zebra technologies to learn more about where his company is headed. mr. gustafsson, welcome back to "mad money." >> thank you nice to be back? anders, one thing we want to get straight no problem with demand if anything the demand was so great you had trouble meeting the supply >> yeah, that's correct. q1 we actually beat as you said both top and bottom line
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we exceeded our guidance range on both and but a full year we actually maintained our revenue guide. and this is a very strong demand environment. but supply is definitely in short supply and as you men mentioned we had some incremental costs that come out of the shutdowns or lockdowns in china and some of the russian invasion cost by the russian invasion of ukraine that weighed on the full year outlook a little bit. >> let's talk about labor saving when i think of zebra, what i think of is that in an era where it's hard to find employees, you can use zebra in order to be able to make up somehow for those employees. how does that work >> yeah, no, we provide productivity improvements for frontline workers particularly so we have a number of solutions, almost all our solutions are helping to make our customers more efficient range from retail to health care
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and everything in between. so by -- if you take an example would be autonomous mobile robots, the acquisition we made last year we had a nice win with a company we announced a little while back, but we provide basically autonomous mobile robots and with wearable technology for the frontline workers for the pickers in the warehouse and we can then orchestrate the entire work flow for them so not just the worker or the robot as our competitors can do but we have software that can coordinate them so when you dispatch a robot we can also then send a message to a worker to intercept the robot and go and either put something on it or take something off it to minimize the time and make the entire system that much more efficient and we can increase picks per hour which is the metric they use by a very large
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amount. >> i think this might help a question i was going to ask, which is that, we poe that amazon said they were a little overwarehouse so to speak. is the solution not a zebra solution where if you -- you don't have to lay people off, you reprogram the computers. >> yeah, so for, you know, warehouse, the warehouse space, you know, more broadly we see great demand there, some customers or basically every customer goes through an investment cycle and some might be a little more invested than others but overall there is a great demand for this and our solutions are very much used by, you know, warehouse operators, distribution operators to drive that efficiency. and we help to make trade-offs between capex and -- we can make the existing labor much more
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productive with our type of solutions. >> okay, now when can we stop talking about premium freight for components it seems like some people say, gary friedman, very smart guy at rh, a fantastic store says it's only getting worse, not better >> yeah, so, you know, over the past two years we've seen a migration of some of the issues. started off with freight being the issue that we talked about, the cost that we incurred. that has moderated it was somewhat better in q1 than q4. cost per kilo was coming down, not to where it was prepandemic but certainly was down we were forecasting it was basically going to hold at these levels for the rest of the year. hopefully there is upside to that but that's what we were forecasting. the other part around component shortages, semiconductor shortages and spending more money on securing long lead time
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parts and having to expedite them to our facilities and then expediting the finished goods to our customers, you know, we're very much trying to prioritize meeting our customers' needs and delivery times and therefore we are putting everything basically on air freight versus putting that in a container on ocean which obviously would be much cheaper but as we go through the year we expect that we will get better supply and we will be able to put more things on ocean. >> one last question, when you're in health care, are you part of the solution of trying to make sure that there's not more malpractice, people know what to do or are you making it so that in the contagious diseases that we've just had with covid, zebra maybes it so it's safer for the frontline workers? >> we do both. so, you know, we do a lot of things around to improve the quality of care. if you think of insuring that the right patients get the right medication, the right dose at the right time, that is helping
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minimize errors in health care and health care providers that have our type of solution, they have generally a lower health insurance premium than others. we also help make people more safe and making vaccine more efficient, quality control so we drive both the quality of care as well as efficiency of care? all the thing tass are timeless. they don't go a wacht once you solve the problem of how much it costs to get the components we'll see the numbers all the way back up. anders gustafsson, we have liked this stock for so long and have been right it's come down, maybe it's time again. thank you so much, anders, good to see you >> thank you so much look, sometimes you get a break in ray stock because the market is so crummy. this is one of those instances "mad money" is back after the break. >> announcer: coming up next -- >> what do we got? >> announcer: kramer is bringing the thunder and answering your burning questions in today's
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>> announcer: "the lightning round" is sponsored by td ameritrade ♪ ♪ it is time it's time for "the lightning round. >> sell, sell, sell. >> and then "the lightning round" is over are you ready, skee-daddy. blaine in kansas blaine >> caller: yo, kramer, i want to here with raytheon. >> okay. now, this is -- we know he's only the chairman but this is sharif suki. i want to you spend 5 bucks and buy this older people you should be
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buying lng younger people, put it away. it could be the next star. >> mike in florida, mike >> caller: jimmy >> the chill man has been nice to people lately on twitter because you know what, even every dog deserves to be kicked -- no, i've been a good man. what's happening with you. >> caller: your opinion on big commerce mine shows a billion dollars in revenues i wanted to get -- >> mike, mike, mike, i am not going to recommend the stock in a sea of stocks that are so good that are down that is losing money, i'm sorry i can't play ball on that. i like your attitude. >> michael in california, michael. >> caller: hi, jim >> michael >> caller: how is it going >> not bad how about you? >> caller: big, big, fan and first time caller, longtime listener. >> excellent >> caller: i'm calling about a stock that i believe in because it seem like you see it every
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time you walk in a store sq, square. >> i totally agree i wanted the cfo on. i thought it was quite a fine quarter. they had a lot of gross profit in a lot of different places people didn't read lew had they, they would have realized what i did, they did a good job nathan in ohio nathan. >> caller: hi, jim i have a question about an industrial manufacturing company. rrx. >> surprise it's down this low my old friend, erin burn net and i used to talk about how it was a great industrial loan. i think it's a good one. i would be a buyer jeremy in north carolina jeremy. >> caller: a big happy friday boo-yah to you, jimmy. >> couldn't agree more what's happening >> caller: yeah, just trying to get some "mad money" or some kramer cash so i can buy some more brioni and --
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>> i like your taste what's up? >> caller: oh, calling about ticker symbol tdl. >> just that tribe, we had a meet -- what happened is this. amazon said they had too much space and hurt the stock i say these guys are the right price. you got to buy pld that's the conclusion of "the lightning round. >> announcer: "the lightning round" is sponsored by td ameritrade with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back.
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exhausting weeks need lead to bad decision-making what made this week so exhausting you had the usual suspect, fed slamming the brakes on the economy, russia, ukraine and the chinese lockdown and then this new one, the notion that the cryptocurrency world is breaking down which could do real damage to the entire economy. if you step back for a moment which is much easier to do after an up session like today it's clear stocks have come down to levels we haven't seen in quite some time. and many of those stocks now become bargains, let me give you a classic example. apple. now here's a high quality company that makes real things and returns some of those profits to shareholders with a good dividend. plus the stock sells at a ream valuation given it's down 20% from its highs apple trades at 24 times earnings which is not too much for the best consumer technology product company in the world now, sure they may have labor issues, i can play those up. i don't want to. a couple stores and a chinese
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lockdown which they've already told you will hurt them. although sooner or later we believe that lockdown will end what matters more you can buy apple down big from its highs. of course, the stock can go even lower, i'm not saying that but all i can say that buying apple down 20% from its peak has been a surefire recipe for success over the last two decades. remember, it's down principally because of worries about crypto. and that's just the most obvious example. we've seen a wholesale collapse in multiples without any widespread collapse in the earnings we know this because we had the cerebral ceo of micron on the show last night. he says he sees strong growth in every part of the tech food chain except for the lowest and pcs. that's a win, a change, a change at the margin. he doesn't even want to be in that low end pc business hey, by the way, he even said cell phones are doing well which took me by surprise. those stocks will move i thought cell phones were supposed to be finished. apparently not
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it's like this all over the place, facebook is holding back on hiring because mark zuckerberg knows he'll soon be able to get all the best engineers about to be laid off by the legion of tech start-ups that can't go public because the stock market is bad. i listened to the interview with the ceo of alphabet and said how the heck is it possible we get a chance to buy that stock at a roughly 20 times earnings level? i think it's a steal which is why my charitable trust owns it. look, i know we're in a distinctly suboptimal moment with real problems but they're not spread across the whole market evenly. now they've taken down the stocks of good companies along with the bad that means you need to have some cash on hand to buy the good ones if you don't that means you have to sell something like you maybe one you don't like here's a painful example for me. we've owned boeing for the charitable trust it's been a nightmare. we sold some higher for profit and kept some on because i thought it was a great re-opening trade that wasn't good
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i knew boeing was poorly run but figured they only have one meaningful competitor. how badly could they do? apparently real bad. since then they've gotten worse to the point where the company has the mother of all credibility problems their answer move the company headquarters from chicago to washington i remember when the answer was they moved interest seattle to chicago 20 years ago i have a memory. that was supposed to be the answer it wasn't. insult to injury, today we learn from reuters boeing could still be even further away interest dreamliner inspection approval by the faa by the way, something i was assured would happen a year ago. i don't want my trust to be tied up with boeing anymore i know it's a loss and hate taking a loss but the loss was already there, the stock was down i don't think i want anyone from the current board of directors to be running that company it's time for a new broom to sweep clean including the current ceo. harsh charge, i don't care anymore. all new team would have been better i much would rather swap out of this loser and swap into any of the great companies you've heard
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from on the show all week. so that's exactly what we're doing for the charitable trust i recommend you do the same. i like to say there's always a bull market somewhere. i promise to find it just for you right here on "mad money." i'm jim cramer see you monday the news with shepard smith starts now i am kelly evans in for shepard smith, this is the news on cnbc. as baby formula supplies run llo nationwide -- >> will the white house use a policy usually for war to combat it >> we are working very hard. elon musk pumps the brakes on twitter >> it is a circus from the beginning. >> will the world's richest man go through and buy the company the first russia


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